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A/V Receivers

Denon AVR-4806 A/V Receiver

— Denon Adds Ethernet Connectivity for Future Readiness —

Pine Brook, NJ, January 24, 2005 — Denon Electronics, the industry’s leading manufacturer of high-quality home theater receivers, introduced the AVR-4806, a multi-zone audio/video receiver that provides many of today’s most advanced surround sound and distribution capabilities at CES 2005. The AVR-4806 (SRP: $3,500), previously referred to as the AVR-4805, was showcased at Denon’s CES Booth along with the flagship AVR-5805 (SRP: $6,000) and the company’s entire family of advanced home theater receivers.

Breakthrough MultEQxtTM Technology, Seven Discrete Amplifiers and More

The Denon AVR-4806 offers many of the same unprecedented features as the company’s new flagship AVR-5805 receiver, including the groundbreaking MultEQxtTM technology from Audyssey Laboratories for optimum sound quality in up to eight listening positions. With its seven discrete amplifiers and multiple-channel output, the AVR-4806 provides independent audio and video processing capabilities and a configurable amplifier section that lets users enjoy a versatile multi-zone home entertainment experience from a single component. Users can enjoy three independent home entertainment zones, with three different audio/video sources running simultaneously. In addition, multi-zone preamplifier outputs provide independent power, source and volume control for each zone.

Total Surround Sound Compatibility and Connectivity
The AVR-4806 is compatible with every popular 6.1 and 5.1-channel surround sound format from Dolby and dts to THX Ultra2 Cinema and Music, as well as THX Surround EX decoding. It also features Dolby Headphone technology for private surround sound enjoyment. Its full complement of advanced audio and video processing capabilities include HDMI/DVI digital video selection, HDMI 1.1 decoding (which decodes DVD-Audio). In addition, the AVR-4806 offers the most extensive complement of connection options of any receiver in the industry, including three high-bandwidth (100 MHz), HDTV-compatible component video inputs, IEEE-1394 and much more. For the ultimate in total home connectivity and future-readiness, the AVR-4806 also includes an Ethernet port for control and future upgrades.

Groundbreaking Technologies for Great Surround Sound in Any Room
The AVR-4806 is designed to create the optimum soundfield for any room no matter what the acoustics are like. To this end, it incorporates the leading edge MultEQxtTM technology from Audyssey Laboratories. The first-ever technology to correct adverse acoustical effects of rooms for multiple listeners, MultEQxt automatically calibrates the home theater system by setting the proper playback levels, speaker distance, and satellite-subwoofer blending.

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The AVR-4806 leverages the performance of the TMS320DA610 Aureus audio digital signal processor from Texas Instruments. With 250 MHz of 32/64-bit advanced processing performance, the DA610 enables Denon to incorporate cutting edge features like MultEQ to maximize audio system capabilities and easily deliver a compelling, realistic listening experience. Additionally, both the Room EQ and Auto Set-Up features can be disabled for installers and consumers who prefer to calibrate their receivers in the traditional manner.

In addition, the AVR-4806 features Denon’s state-of-the-art Auto Set-Up and Room Correction feature, which makes it possible to completely customize the listening experience for any room.
The receiver’s remarkable surround sound capabilities are enhanced by innovations such as Burr-Brown PCM-1791 24-bit/192kHz audio DACs for all channels and advanced AL24 Processing on all channels.

Advanced Image-Enhancing Technologies
For the ultimate in home theater image reproduction, the AVR-4806 features component video up-conversion that automatically up-converts the input signal (composite video, S-video) from a DVD player, VCR or camcorder, up-converting it to a component video signal for hookup to a compatible TV. In addition, S-video up-and down-conversion automatically converts the input signal to match the TV input and maximize signal quality. To further enhance connectivity, the AVR-4806 features HDMI and DVI-D (HDCP) video switching. As an added bonus, the AVR-4806 includes the proprietary Denon Link connection and IEEE-1394 ports as well as a RS-232 port for control.

Full Complement of Custom Installation-Friendly Features

Like other high-performance Denon A/V receivers, the AVR-4806 includes a full array of custom installation A/V receiver features, such as assignable high current DC trigger outputs (4) and a RS-232 port to facilitate not only integrated system operation, but for PC connectivity for system setup. Also included is the latest version of Denon Link 3, which allows the receiver to receive high-resolution, multi-channel digital audio data directly from the Denon DVD-5900/DVD-5910 and DVD-3910 Universal DVD players (and future Denon products) for the ultimate level of sonic performance. The AVR-4806 is also supplied with a new, improved EL programmable remote control.

The Denon AVR-4806 will be available in April for a suggested retail price of $3,500. Other high-performance receivers in Denon’s line include the AVR-3805 (SRP: $1,199) and AVR-2805 ($899), as well as the AVR-2105 ($649), AVR-1905 ($499), and AVR-1705 ($399).

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About Denon Electronics

From its beginning in the 1930s as a supplier of professional recording studio and broadcast equipment, Denon has become a world leader in the manufacture of the highest quality home theater, audio and software products. Denon is recognized internationally for innovative and groundbreaking products and has a long history of technical innovations, including the development and first commercialization of PCM digital audio. Denon Electronics is a wholly owned subsidiary of D&M Holdings Inc.

About D&M Holdings US Inc.

D&M Holdings US Inc. is a wholly owned subsidiary of D&M Holdings Inc. (TSE II: 6735), which is based in Tokyo and owns the Denon, Marantz, McIntosh Laboratory, D&M Professional, ReplayTV, Rio and Escient brands. Denon, Marantz, McIntosh and D&M Professional are global industry leaders in the specialist home theater, audio/video consumer electronics or professional audio markets, with a strong and long-standing heritage of manufacturing and marketing high-performance audio and video components. The ReplayTV, Rio and Escient brands represent award-winning technologies in digital home entertainment.

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DISCLAIMER
Statements in this news release that are not statements of historical fact may include forward looking statements regarding future events or the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual events or results may differ materially. Forward looking statements involve a number of risks and uncertainties surrounding competitive and industry conditions, market acceptance for the company’s products, risks of litigation, technological changes, developing industry standards and other factors related to the company’s businesses. The actions referred to in this press release are not an admission or acknowledgement of any claim or allegation. The Company reserves all of its rights.

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